INFORMATION ABOUT THIS RELEASE

This release presents consolidated 2011-12 budget forecasts for the general government sector for Commonwealth and all jurisdictions. Government Financial Estimates (GFE) for the Commonwealth and state governments are compiled from initial budget forecasts. Two main statements are presented; the Operating Statement and the Cash Flow Statement.

Data for this release are sourced from the following Commonwealth and state government budget forecasts.

Jurisdiction	Date of budget forecast release
Commonwealth	10 May 2011
New South Wales	6 September 2011
Victoria	3 May 2011
Queensland	14 June 2011
South Australia	9 June 2011
Western Australia	19 May 2011
Tasmania	16 June 2011
Northern Territory	3 May 2011
Australian Capital Territory	3 May 2011

MAIN FEATURES

2011–12 OPERATING STATEMENT

The table below presents the 2011–12 GFS net operating balance and net lending(+)/borrowing(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT 2011–12 General Government
	Commonwealth	Multi– jurisdictional (a)(b)	State	Local (b)	All levels of government (c)
	$m	$m	$m	$m	$m
GFS Revenue	349 001	22 100	205 836	39 128	496 929
GFS Expenses	364 786	21 095	210 418	32 055	512 802
GFS Net Operating Balance	-15 784	1 006	-4 582	7 073	-15 872
Net acquisition of non–financial assets	4 410	1 669	15 595	7 198	28 873
GFS Net Lending(+)/Borrowing(–)	-20 195	-663	-20 178	-125	-44 746

(a) The multi–jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) Data for local government and multi–jurisdictional sector are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.

2011–12 CASH FLOW STATEMENT

The table below presents the 2011–12 GFS surplus(+)/deficit(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT 2011–12 General Government
	Commonwealth	Multi– jurisdictional (a)(b)	State	Local (b)	All levels of government (c)
	$m	$m	$m	$m	$m
Surplus(+)/Deficit(–)	-19 986	-970	-18 380	-1 658	-33 845

(a) The multi–jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) Data for local government and multi–jurisdictional are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.

KEY STATE GOVERNMENT BALANCES

The table below presents 2011–12 GFS estimates for the key analytical balances in the operating and cash flow statement for the general government sector of each state and territory jurisdiction.

STATE GOVERNMENTS, KEY ANALYTICAL BALANCES 2011–12 General Government
	Operating Statement		Cash Flow Statement
	GFS Net Operating Balance	GFS Net Lending (+)/ Borrowing(–)	Surplus(+)/ Deficit(–)
	$m	$m	$m
New South Wales	-718	-3 986	-3 413
Victoria	140	-2 516	-2 571
Queensland	-4 058	-8 509	-7 980
South Australia	-243	-1 253	-1 182
Western Australia	442	-2 511	-2 285
Tasmania	-118	-366	-187
Northern Territory	98	-435	-411
Australian Capital Territory	-116	-594	-339

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Larissa Fischer on Canberra (02) 6252 5392, email <public.finance@abs.gov.au>.